TAILIEUCHUNG - Banking in Australia

In passing the Monetary Control Act of 1980, Congress reaff irmed its intention that the Federal Reserve should promote an eff icient nationwide payments system. The act subjects all depository institutions, not just member commercial banks, to reserve requirements and grants them equal access to Reserve Bank payment services. It also encourages competi- tion between the Reserve Banks and private-sector providers of payment services by requiring the Reserve Banks to charge fees for certain pay- ments services listed in the act and to recover the costs of providing these services over the long run. . | Banking in Australia Banking in Australia Moving countries and banks is always a big step. There s plenty to think about and lots to do. Luckily for you the Australian banking system is one of the safest and most stable around. To help make the move easier here s a quick run down of how things work. Currency Australian Dollar AUD Trading hours Trading hours may differ between banks however generally trading hours are Monday to Thursday - on Friday until Saturday and Sunday Some banks offer weekend trading hours at selected branches. With telephone banking electronic banking and ATMs you have access to your money 24 hours a day 7 days a week. Opening an account Before opening a bank account you will need to consider the following Documentation It s recommended that you bring the following documentation originals and copies with you from your home country Passport Driver s licence Visa Birth certificate Access Options How you like to access your money and how frequently will determine the type of account you choose. Identification Check By Australian law all banks are responsible for verifying your identity if you wish to open a bank account. You ll be asked to provide specific forms of identification . passport and driver s licence. Tax File Number TFN You ll be asked to provide your TFN so that you can be identified for tax purposes. It isn t essential but if you don t any interest your accounts earn will be taxed at the highest rate. For more information or to apply for a TFN visit the Australia Taxation Office website Banking products All banks in Australia offer a variety of different banking products. Here are some of the main products types. Transaction Accounts Ideal for day-to-day banking. You can make regular deposits -like your salary pay bills or shop using your ATM card. Some transaction accounts come with a cheque book though they are becoming less popular and many businesses will not accept personal cheques. .

• Ngân hàng - Tín dụng
• Other Liabilities
• Segmentation
• multi disciplinary
• opportunities facing
• Financial Institutions
• interests complement
• Uncovering creative accounting
• Fixed asset valuation
• Other asset valuation issues
• The definition
• Ascertainment of liabilities
• Group accounts